2. A bank is considering an investment in a municipal security that offer a yield of 6 percent. What is the security’s tax equivalent yield if the bank’s tax rate is 35 percent
financial - sandra, Wednesday, November 28, 2012 at 3:08pm
1. A bank is considering two securities: a 30 year Treasury bond yielding 7 percent and a 30-year municipal bond yielding 5 percent. If the bank’s tax rate is 30 percent, which bond offers the higher tax equivalent yield?
financial - Anonymous, Sunday, March 31, 2013 at 11:51pm
financial - Anonymous, Sunday, March 31, 2013 at 11:53pm
this answer is not right